In spite of the recent market massacres this stock has continued to rise undeterred. Just something to consider.
I'm back from vacation and missed all the action (traveling thru lots of areas with no connectivity so I traded nothing, and really regretted not trading my highest probability trade of shorting RIMM at 146 prior to earnings). So I see DRYS is still showing lower lows and lower highs, but earnings are August 11th, there's generally a run up into earnings, and July/August are historically very strong return months for them. I like C.A.'s idea of entering in early August, but day trading them seems predictable right now, with the 5-minute chart printing excellent long and short signals each day.